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Also sold was the Sam Moore division, in February 2007 to Hooker Furniture. La-Z-Boy was still number three, with $1.5 billion in shipments. [11] In November 2006, High Point offered $600,000 to the La-Z-Boy division that was formerly LADD to move its headquarters back. [12] Late in 2006, La-Z-Boy had 7,000 employees, down from 13,000 six years ...
[1] [2] Riding a recliner which he had earlier fitted with a lawnmower engine, he crashed into a car after leaving a local bar, where he had consumed a number of beers. He was convicted and the chair was confiscated by the police, who auctioned it off on Do-Bid.com for $3,700. Though widely reported to be a La-Z-Boy, the chair was unbranded. [3]
The design was the same wooden bench recliner found in other designs. Issued in 1928, the patent led to the founding of La-Z-Boy. In 1930, Knabush and Shoemaker patented an upholstered model with a mechanical movement. [5] In 1959, Daniel F. Caldemeyer patented a recliner as owner of National Furniture Mfg. Co based in Evansville, Indiana. [6]
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Late in 2001, Masco announced Furniture Brands International would buy Henredon, Drexel Heritage and Maitland-Smith for $275 million, in a deal expected to return Furniture Brands to the number one U.S. furniture manufacturer, a title lost to La-Z-Boy when that company bought LADD in 2000. [13]
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